J. Jill to Review Possible Sale

J. Jill Group Inc. is considering a possible sale of the company, among other options, in an effort to "enhance shareholder value."

The move comes after Liz Claiborne Inc. offered on Nov. 18 to buy J. Jill for $366 million, or $18 a share in cash. At the time, the offer represented a 41% premium to the company's stock price of $12.79 a share. The shares currently trade at around $19.